Bank of Northern Virginia in Arlington County, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 16, 1999

  • Bank of Northern Virginia in Arlington County, Virginia (VA)
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Bank of Northern Virginia - Overview

  • General
  • FDIC Certificate #: 27343
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Branch Banking and Trust Company of Virginia (#22584)
    Federal Reserve ID: 1217542
    Date Established: October 03, 1988
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 3 (Interstate: No)
    OTS Docket #: 10995
    FDIC's unique #: 39617
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: October 03, 1988
    Last Structure Change Effective Date: July 16, 1999
    Last Structure Change Process Date: August 11, 1999
    Last Data Update: August 11, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: 1010 North Glebe Road, Arlington County, VA 22201
    County: Arlington
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Richmond
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Washington, DC-MD-VA-WV (#8840)
    Consolidated Metropolitan Statistical Area (CMSA): Washington-Baltimore, DC-MD-VA-WV (#97)
    Combined Statistical Area (CSA): Washington-Baltimore-Northern Virginia, DC-MD-VA-WV (#548)
    Core Based Statistical Area (CBSA): Washington-Arlington-Alexandria, DC-VA-MD-WV (#47900)
    CBSA Metro Statistical Area: Washington-Arlington-Alexandria, DC-VA-MD-WV (#47900)
    Core Based Statistical Division: Washington-Arlington-Alexandria, DC-VA-MD-WV (#47894)
  • Financial Summary
  • Total assets: $51.3 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 1998)

  • Dollar figures in thousands
  • 14Total employees (full-time equivalent)
  • $62,736Total assets
  • $4,095Cash and due from depository institutions
  • $2,020Interest-bearing balances
  • $22,994Securities
  • $4,000Federal funds sold & reverse repurchase agreements
  • $29,829Net loans & leases
  • $485Loan loss allowance
  • $0Trading account assets
  • $554Bank premises and fixed assets
  • $124Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $1,140All other assets
  • $62,736Total liabilities and capital
  • $54,380Total liabilities
  • $48,672Total deposits
  • $35,164Interest-bearing deposits
  • $48,672Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $4,685Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $681Other borrowed funds
  • $0Subordinated debt
  • $342All other liabilities
  • $8,356Total equity capital
  • $8,356Total bank equity capital
  • $8,356Perpetual preferred stock
  • $0Common stock
  • $3,350Surplus
  • $2,266Undivided profits
  • Memoranda
  • $2,740Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $985Earning assets
  • $0Long-term assets (5+ years)
  • $198Average Assets, year-to-date
  • $58,843Average Assets, quarterly
  • $15,338Volatile liabilities
  • $71,939Insider loans
  • $65,642FHLB advances
  • $18,088Loans and leases held for sale
  • $700Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $5,634Total unused commitments
  • $0Restructured Loans and leases
  • $36,208Derivatives

Income and Expense (December 31, 1998)

  • Dollar figures in thousands
  • $5,498Total interest income
  • $2,200Total interest expense
  • $3,298Net interest income
  • $150Provision for loan and lease losses
  • $370Total noninterest income
  • $0Fiduciary activities
  • $135Service charges on deposit accounts
  • $0Trading account gains & fees
  • $235Additional noninterest income
  • $2,059Total noninterest expense
  • $792Salaries and employee benefits
  • $505Premises and equipment expense
  • $762Additional noninterest expense
  • $1,459Pre-tax net operating income
  • -$55Securities gains (losses)
  • $481Applicable income taxes
  • $923Income before extraordinary items
  • $0Extraordinary gains - net
  • $923Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $267Sale, conversion, retirement of capital stock, net
  • $228Net operating income

Performance and Condition Ratios (December 31, 1998)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.09%Yield on earning assets
  • 3.24%Cost of funding earning assets
  • 4.85%Net interest margin
  • 0.54%Noninterest income to earning assets
  • 3.03%Noninterest expense to earning assets
  • 1.33%Net operating income to assets
  • 1.28%Return on assets (ROA)
  • 1.95%Pretax return on assets
  • 11.32%Return on equity (ROE)
  • 8.53%Retained earnings to average equity (YTD only)
  • 0.71%Net charge-offs to loans
  • 56.18%Credit loss provision to net charge-offs
  • 6.03%Efficiency ratio
  • 56,134Assets per employee
  • 4.48%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 24.70%Loss allowance to loans
  • 1.60%Loss allowance to noncurrent loans
  • 49.24%Noncurrent assets plus other real estate owned to assets
  • 1.77%Noncurrent loans to loans
  • 3.25%Net loans and leases to deposits
  • 61.29%Net loans and leases to core deposits
  • 84.58%Equity capital to assets
  • 13.32%Core capital (leverage) ratio
  • 12.56%Tier 1 risk-based capital ratio
  • 23.15%Total risk-based capital ratio
  • Memoranda
  • $24Average assets
  • $71,939Average earning assets
  • $8,150Average equity
  • $67,939Average loans

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